Ghana's domestic debt has risen to GH?290.9 billion. This accounts for 28.5% of GDP. Also, the country's external debt reached US$31.6 billion, up from US$30 billion in July 2023. This represents 46.1% of GDP. In total, Ghana's public debt stock has surged to GH?761.2 billion, accounting for 75.7% of the country's gross domestic product (GDP) by July 2024, according to the latest figures from the Bank of Ghana. The data, released in September 2024, shows a significant rise from the same period last year when the debt stood at GH?587.7 billion, representing 70.3% of GDP. This increase in debt comes amid ongoing economic challenges, with rising inflation and currency depreciation placing additional pressure on public finances. Source: Ghana Web
- June 12, 2026
